Anual VAT declaration with third parties – 347 application form

Form 347 of the AEAT is the anual VAT declaration of operations with third parties presented by both natural and legal entities.

It is an informative model from the AEAT that applies to all natural and legal persons, who in the development of business or professional activities exceed an annual turnover volume. One of the fundamental reasons is that the AEAT can carry out the data matching and check the correlation between declared operations and those subjects described above.

This VAT model must be submitted by any natural or legal person that has exceeded 3,005.06 euros of invoicing with any supplier or client. When calculating the amount to be declared, it would correspond to the calendar year.

The presentation of this informative declaration to the AEAT would be carried out by filling in form 347.

Before filling in the 347 form, it is recommended to send a letter to our client or supplier with whom we have had a volume greater than 3,005.06 euros, to ensure that we are declaring the same figures and in the correct period.

In case of difference in figures, the date of issue of the invoice must always be taken into account, for its correct temporary allocation.

When filling in the model, we must take into account which are the operations whose invoices would be subject to:

 Goods and services deliveries and acquisitions.

 Real estate operations.

 Non-refundable grants and aid.

 Operations with insurance companies.

 Pre-payments from clients and suppliers.

 Leases not subject to withholding.